NRM What's In My Wallet
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- เผยแพร่เมื่อ 16 ก.ย. 2024
- Let me perfectly clear here. I am NOT a financial advisor. Everything mentioned in this video is true for ME. Your results may be different. If you are not prepared, either financially or by force of willpower, to pay these cards off in full each and every month, they are NOT for you.
A great place to explore point redemptions is Max Miles Points. He is the absolute best of all I've seen. / @maxmilespoints
If you would like to explore them further, you can use the links below to see what is offered if you sign up using these referral links. I do get a few points added to my card IF you are approved.
These links are time sensitive. The points discussed in this video may vary by the time you click through to explore these cards.
American Express Platinum Card Referral Link:
americanexpres...
American Express Gold Card Referral Link:
americanexpres...
Find me everywhere I am on the Internet here: timchilders.bi....
I started this channel in order to document life as it gets lived. It's about where I live, how I live, where I travel, why I travel, and so much more. Eclectic is a good word for the content to be found here. I hope you will come along for the ride!
What you say in the notes is VERY important: "If you are not prepared, either financially or by force of willpower, to pay these cards off in full each and every month, they are NOT for you." The credit card companies are counting on people being less than vigilant about their finances - they make a lot of their money that way. Also, it takes a pretty organized person to use the points effectively (as you do).
My husband and I have used Amex for decades over the past 2 years we find more and more stores and venues do not accept Amex because thier fees to vendors are too high. Small business owners, local restaurants, and tourist attractions seem to be where we find the issue and have to use cash or our VISA. Just something to be aware of if you're traveling.
Safe travels to all.
Yes. I have found that especially in smaller locations. I have a Visa for those that also earn me travel points. :)
Thanks Tim, The perks are not for me but i think this is a great episode since it will help a lot of people who do. Keep up the great job. Hope you are enjoying your newfound freedom. Sounds like you are making the most of it. Thank you for sharing, I really appreciate it and enjoy your channel.
The horror of being in a Walmart store 😂. My thoughts exactly.
😂😂😂
Walmart+ also includes Paramount+ for free!!
Yap
😅
You obviously know how to use the system to your advantage. Win-win!
Thank you for another great video. I am likely going with a VISA, because they are just more accepted in the more remote places I tend to travel to. We have always paid our cards each month in full anyway. Interest rates are high on balances carried over. Thank you again for taking us along on your journey.
Hi Anita🌹
How are you doing?
Thank you, this information was interesting! Retirement is looming and your videos are really helpful.
lucky you! mine is far away....
I have the Platinum Card. I think that there is usually a certain amount of resources that an individual needs to qualify for the card. Maybe that has changed. I use the card for monthly expenses. As you said, you have to be prepared to pay the entire balance monthly. You should only charge what you know you can pay off.
Very good information. Thank you!
The is important information! I had no idea, as their junk mail to my house always feature frequent flying miles. Thanks Tim. 🎯
😂 me neither...but I do remember them when I travel. I am going to use them when there is a real value to me only, so I hear you...
Very interesting and informative! Thanks!
I have the AmEx platinum card, I really like it. I also love Pre-check which was reimbursed by them.
This was very informative! I had no idea about many of these things. I knew that you had to pay off American Express at the end of every month but I did not know about the annual fees nor the benefits. Personally, I use the capital one quicksilver card. It has no annual fee and pays 1.5% back in cash on everything I purchase everywhere. I don’t fly very much so airline points might not be that useful to me. Of course, I operate this charge card like an American Express and pay off my balance immediately. In fact, I pay my balance multiple times a month. Anytime I see a balance has made its way to the card, I use the app on my phone to pay it.
AE was the first card I got and the only one I’ve kept throughout my life. I have a plain one, but they have been so helpful over the years with my purchases and sellers. Their security systems are awesome. All my online purchases go through AE.
♡ Nice variety in your content!
I have had AmEx for 20 years. Their fraud team have helped me 3-4 times - priceless. Also if you pre-register for their premium rental car insurance, Am Ex covers the additional full coverage insurance for only $24.95 per rental up to 30 days (I believe). That’s not the cost per day, it’s the whole rental period, and it’s automatic once you’re signed up through them. They send you some paperwork proving the insurance which you take with you to the rental counter. Also, we used several years of points to completely cover our flights to England a few years ago. I’m a big fan of AmEx too!
I have the same card combo, did global entry the month it came out in 2011 and used it coming back from an Iceland photo trip it was amazing 3 big planes landed at the same time there had to almost 600 people in the imagination line. I walked past them all up to the global entry machine put my passport in (they work differently now) 30 seconds later I was in baggage got my bag and Logan airport had a special exit I was out the door. So from getting off at the gate to my car was about 30 minutes. The boarder officer said that card just saved you about 2 hours
often not used in Canada or Mexico,, BUT great for Americans
I really enjoy your series! No nonsense.
👍
I had the PLatinum and the green, US citizen, living in Puerto Rico. I did not know that some Federal agency was investigating a complaint regarding AmEx discriminating policies against the US citizens living in Puerto Rico. There was some kind of settlement and after reading about in the news, iI got a letter from Am Ex. I was one of the victims, I mean, beneficiaries of the settlement.. Did not like it.
I’m so sorry. I had not heard this.
Fabulous to hear that you and your family are visiting us in Scotland next year Tim. Wishing you all a fabulous holiday and hope that our Spring weather is kind to you too. 🇺🇸🏴
We can’t wait!
I don’t have $ to do this.would love to travel. I live on 914$a month and I get some food stamps. I don’t have credit cards and certainly could not afford AMEX. I have no car. I pay for rent/utilities and other bills. I need budgeting ideas for living with less.This video great for those who have means to do this. I wish I could travel. I am just trying to get by. Thanks for your videos
🙏 wishing you strength and better days ahead!
I live in England, and a lot of places here will not take payment by Amex So make sure your family all have a visa or Mastercard for backup. Enjoy your holiday
Really useful content. Here in the UK we have a wonderful man called Martin Lewis who for the past few years has been investigating all sorts of financial products and doing all the hard work for us as to the benefits….and the problems. He is now so highly rated that he gets face to face with government ministers to challenge them on things. If he gives out a message to go to a website for something beneficial the that website often crashes because so many people follow him and take up his advice. He’s so popular that he’s often on tv.
Edinburgh and Skye in March. Wonderful. I live outside Edinburgh and it’s the most beautiful and historic city. I’ve been to Skye a couple of times and that is a wonderful place….as is all the west coast of Scotland. Just be aware that it often snows in March.
Also a localish to edinburgh person here
thanks
Interesting. Even though I am never likely to have such a card!
Just a note, we never paid for TSA precheck, yet we got them free the last time we went to New Orleans. I think because we are older now. 😂 77 and 64.
Twice I have been assigned TSA Pre-Check before I purchased it. I don't know if I hit the lottery, or it was the way I purchased my ticket. But I never complained. LOL
Very interesting. We just got an American Express that earns points via Delta. Excited to learn about these perks. Thank you! ❤
Hi Cindy🌹
How are you doing?
Thank you for sharing these tips!
This is really smart business. Well done and thanks for sharing it with us. I have an Amex card but I dont know about the benefits with it. 👍
Hi from Vancouver Island. I’m enjoying your channel. Thank you.
Vancouver Island is on my photography bucket list!
😊 love Vancouver!
Good to know. But I already own several cards and pay off monthly. I don't use the perks you talk of or more cards. Thank you for the video. Blessings to you.
Thank you! 🙂
So very very informative!
Went to Scotland with my daughter in May. Isle of Harris and the the Isle of Skye are so lovely as is Scotland. 1,000 miles on our car.
Hi Marie🌹
How are you doing?
I wish I had come along! one day...
Great information, thanks 😊
reminder ...I ignore mine most of the time and I know I am wrong...
Thanks for the info.
New subscriber, just found your channel, and enjoy what I have watched so far!
Nice work buddy 👏 Excellent !!!
When I first heard the fee I said that is crazy. But your lifestyle will benefit. Sounds like you need to full understand the rules and keep up with it all. No offense but you spend a ton of $$$. Evidently your finances allow it and that is ok. Everybody s different. I spend on essential expenses and try to go on a vacation but that’s me. Good video
One low interest credit card. Don't want to juggle or think about all that stuff.
Very Useful information, Sir 💟
Wow, I have been watching your videos recently and they resonate with me. But this is such a weird coincidence… I have been researching credit cards this past week including planning on getting one of these cards. What are the odds?!
Thanks so much for the info!
Good information
indeed
Fascinating - not sure I’ll do it though!!😂
No size fit all...
Honestly, it all sounds a little too involved to me.
-Robin
PS my sister lives in Edinburgh. It was a great excuse to go see her last year.
I agree with you. But here's a thought....$695.00 a a year. There are so many things to remember...in all honestly how many people remember all that in order to re-coup that fee? You can bet that AMEX is coming out ahead big time > $$$.
If you don’t use the credits that come with the Gold Card, it’s likely not worth the annual fee. The amount of spend to make back $250, even at 4X points, must be very large. Other than a one time bonus, the annual credits are the most important factor in determining value.
good analysis!
😊
Sounds like a lot of paperwork to figure out if these rewards pay off.
Thanks Tim. That was informative. Could you also provide your card’s number, expiration date, and 4 digit code? That way we can all help you obtain the points you need for your trip.
LOL. Uh…
🤣 good one...
Also, are you quite sure you won't be liable if your family members don't pay off their cards? Since they are under your account. I'd double check on that.
My husband rounds up all the money from the other card holders every month so he knows if its is being paid.
I had no idea.
Smart...
very!
I have a Platinum but I learned so much about the benefits!
Hi Janelle🌹
How are you doing?
My husband and I (he is the main card holder) have had Amex crads since 1978.
My husband has been give a nasty health diagnosis and I have been told the cards will be cancelled the moment he dies and any use of the card will be fined $20,000.
We have also paid for many years for the Travel insurance (they no longer offer the same insurance but Amex grandfathered in those with existing accounts).
Soon, sadly, I will not have any access to any of the benefits that Amex has offered and I will not have a limitless account to be used in case of emergencies or unexpected travel and I won't have the security of the Amex travel insurance. We travel to our house in France several times a year .
I do not like credit cards and will not have one to fall back on so I am unsure what I will do when he dies.
My daughter has also been a member on my husband's card since she was a student. She has already stopped charging to the Amex card so there will not be outstanding charges when the worst happens. Hers is the largest part of the the account so I cannot imagine it is good practice for Amex to cut off co- members rather than look at the records and retain the living card holders.
Other people like me, who have their cards on a main card holders account should beware that their main sourse of commerce is in jeaopardy in the event of the death of the cardholder even though the subsidiary cards are in their own names .
That is important information of which I was unaware. I’m very sorry to hear of your current circumstances, but I truly appreciate your willingness to share your story.
Same thing happened to my mom when my dad passed away. She was cut off and had to apply for a card on her own.
customization!
it pays to know what you pay for...
❤❤❤
We went to Portugal and American Express is not accepted very often there when we got back my husband bank dropped American Express
I have experienced the same in some areas of the world. I have Chase Visa cards for those times.
When your kids don’t pay the bill … you pay the bill..you are hook for all there purchases..
That’s very true. If I didn’t trust them, I wouldn’t have offered. :)
This was a video on consumer ed 101
How much research do you do to learn about all the things you do with an Amex card?
It’s a trial and error learning experience for me.
Lynn here.. unless you pay your credit cards monthly Don’t get a credit card!! Believe me been there DONT DO IT !! It’s not worth it
Amen!
Yes, paying cash for stuff doesn’t earn points. We need to change our game now!
Howdy from Yorktown Virginia
Question What is the correct referral link for America Express Platinum? The Gold link works but not the Platinum.
I’m so sorry I missed this comment. I’ll check the link in the description. Thank you!
Actually better off using cards that don’t have fees and getting rewards from them. I do it monthly. No cost of living increase for educators in over 20 years in my state like those on social security who received 8 .7%. Do surveys monthly also for extra and have the full amount or more that you pay for the cards fees. And yes, paying the cards monthly for all those doing rewards is a must. The fees on your cards are way, way too high. Most internet providers are now giving promotions for Netflix etc and 50 to 100 in visa gift cards when you change providers. You can even make money with your cash register receipts monthly. Lots of ways to get cash monthly not payout cash for rewards cards.
They make you jump through too many hoops to get rewards. Not sure it's a good trade off. My money for points? I don't think so. Bottom line, you have to spend spend spend. No offense to you Tim. Why not save the money and avoid the nonsense? I love your videos Tim. But this one I have to disagree. Please don't hate me.🤔
but sometimes we have to spend...and that's where the benefits are...
Sorry I missed this? I agree that just “spending to get points” is a bad idea. However, if I’m buying groceries, or paying the electric bill, or covering an insurance premium, points simply become the bonus they were meant to be. Like the $500 hotel bill paid for by points when I went to Asheville recently. I basically got $500 just for buying what I was going to buy anyway. Thanks for your comment!
This video Earned a Dislike from myself and the AM Express card-:(
Sorry to hear that.
why is that?
Videos that say one thing and then try to correct it in the text are VERY confusing and aggravating, sorry.
I’m afraid I’m not following. Can you explain for me?
@@TheNewRetiredMe When you say something in the video but then correct it with on screen text. It makes it very difficult to follow.
@@280zone can you be specific? It’s been a few weeks since I actually recorded this video, so I’m not sure to what you are referring specifically. I’d love to acknowledge the error in a pinned post. Thank you!
@@280zoneOk, I watched the video again. And I get it. I made some mistakes trying to remember exact numbers off the top of my head. I corrected that with text on screen. I’m human. My apologies.